Rail fares could become even more expensive if a proposed deal between to rail companies goes ahead, the UK competition watchdog has warned. Hitachi is attempting to buy Thale's rail infrastructure division but there are concerns it could lead to higher prices for passengers.
The Competition and Markets Authority (CMA) has raised concerns over the deal between the signal operators, which is worth around €1.7billion (£1.5bn). It called on the companies to offer undertakings to address its concerns by Friday.
But the CMA has now said it will launch a phase two probe into the deal after the firms said they would not be offering any further changes to their deal. HItachi agreed to buy Thales Ground Transportation Systems arm last August.
